JAC Motor says China approves electric vehicles venture with VW

JAC Motors logo pictured during presentation in Mexico City
Thomson Reuters
BEIJING (Reuters) - Anhui Jianghuai Automobile Group (JAC Motor) <600418.SS> said on Monday it has received approval from Chinese regulators to form a joint venture with German automaker Volkswagen AG to make electric vehicles, according to a stock exchange filing.

Volkswagen is China's largest foreign automaker in China and already has joint ventures with China FAW Group Corp [SASACJ.UL] and SAIC Motor Corp Ltd <600104.SS>.